Wednesday, 12 March 2008

Tanayong plans to open 12 hotels in five years

March 10, 2008 Monday
Nation Multimedia Group

The Nation

Managing director Kavin Kanjanapas said the company intended to acquire and build a deluxe brand of hotels and resorts.

The mission is to increase the portfolio to ten hotels and resorts in five years within Thailand - focusing on Chiang Mai, Koh Samui, Chiang Rai, Kanchanaburi, Phuket, Krabi, Khao Yai, Rayong and Bangkok - and three locations outside Thailand: Luang Prabang in Laos and Phnom Phen and Siem Reap in Cambodia.

Tanayong has appointed InVision Hospitality, a hotel consultant firm, to create the brand U Hotels and Resorts. U Hotels and Resorts will have a maximum 100 rooms and in some cases will include a residential element. The first property is under construction and is scheduled to open by the middle of this year. U Chiang Mai will be a low-rise building with 41 rooms located in the heart of the city on Rajdamnoen Road.

Tanayong has appointed Peerasak Pongarayakul, design director of SPA+A, to bring out the company's vision and brand philosophy through the architecture and interior design for all U hotels and resorts.

"We chose to work with InVision Hospitality based on their exceptional track record and the expertise of the team. U Chiang Mai Hotel is the first in a series of new hotels that we are planning to add in Thailand and in the region at both resort and city locations. We are looking forward to expanding our presence as a leader in niche and deluxe hotels," Kavin said.

As a result of the 1997 financial crisis, Tanayong entered into a reorganisation process between 2002-2006, with new paid-up capital that rose to Bt5.8 billion and a new shareholder structure, with international strategic shareholders, including Dubai Investment Group.

1 comment:

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